The US’s blacklisting of Chinese tech giant Huawei could potentially filter through to the Kenyan market due to the high exposure by government and leading telcos to the firm’s equipment, a local investment bank has said. Standard Investment Bank says in a topical note on Safaricom that the Huawei ban is likely to have an impact on future smartphone sales, and in the long-term would also make network equipment more expensive because it could reduce the number of suppliers in what is already a small pool. SIB says although the Huawei issue is still developing, concern is on whether Safaricom’s British parent firm, Vodafone, will look to take a similar position as its US counterparts on dealing with Huawei.
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